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If I die during drawdown?

GSP · 2020-12-24 17:20:37

Sorry for the morbid title. I was having a conversation with my wife in the car yesterday. I am 58 and in drawdown while she has a smaller pot, but can’t access yet as she is 53. We are aware that if any of us dies before aged 75, their pot becomes tax free for the other one. But say if I die soon before my wife reaches…

Comments

AnotherJoe Posts: 19,622 Forumite

24 December 2020 at 10:32PM

Sea_Shell said:

Do you have any savings outside of pensions to live on whilst you sort things out with his pension provider?

I don't know how quickly they would release the money. Would they insist on probate first?

Almost certainly not as normally pensions are outside the estate.
Usually they go on whats in the expression of wishes form, so OP make sure thats filled in correctly.

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